Alcoa Inc. (NYSE:AA) has launched a new program to turn emissions into a viable product.

Alcoa Inc. (NYSE:AA) Launching Emissions Program

In collaboration with Codexis Inc. and CO2 Solution, leading aluminium producer Alcoa Inc. (NYSE:AA) is introducing a new pilot program focused on carbon capture technology, designed to neutralize carbon emissions and convert them into commercially viable product.

Kevin Anton, Alcoa Inc. (NYSE:AA)’s Chief Sustainability Officer said. “Finding ways to turn industrial waste into beneficial products will create a more sustainable society for generations to come. We are committed to this project and partnership because it epitomizes our belief that sustainable technologies are fundamental for the maintenance of vital resources and, therefore, for our business.”

Alcoa Inc. (NYSE:AA) has completed the acquisition of aerospace fastener business of TransDigm Group Inc.

Alcoa Inc. (NYSE:AA) Acquisition Update

TransDigm Group Inc., is a global designer, producer and supplier of highly engineered aircraft components and this new business will form part of Alcoa Fastening Systems (AFS).

The President of Alcoa (NYSE:AA) Fastening Systems, Vitaliy Rusakov said that“This acquisition is a pivotal step in our strategy to expand our global footprint in the growing aerospace fastener market.”

Aloca Inc. (NYSE:AA) shares were at 16.3 at the end of the last day’s trading. There’s been a 16.5% change in the stock price over the past 3 months.

Alcoa Inc. (NYSE:AA) has announced that its BBB debt rating has been confirmed by Fitch Ratings.

Alcoa Inc. (NYSE:AA) Credit Rating Raised

Fitch Ratings has confirmed Alcoa Inc. (NYSE:AA)’s investment-grade level at BBB and its outlook was raised to “Stable” from “Negative”.

Analysts at Fitch Ratings said that “Alcoa Inc. (NYSE:AA)’s debt should fall by the end of the year as earnings and cash flow generation continue to improve with economic recovery and the company continues with capital discipline and cost control.”

Aloca Inc. (NYSE:AA) shares were at 16.54 at the end of the last day’s trading. There’s been a 29.2% movement in the stock price over the past 3 months.

The CEO of Alcoa Inc. (NYSE:AA) has commented on the US’s ‘really nice comeback.’

Is Alcoa Inc. (NYSE:AA) Optimism Warranted?

In an interview with FOX Business Network’s Liz Claman, the CEO of Alcoa Inc. (NYSE:AA), Klaus Kleinfeld, suggested that aluminum has become the number one choice of many manufacturer’s for producing items from cans to cars.

He also said that “The US already has come back. Automotive is a large part of the US industrial complex. I am really optimistic about the growth potential the US has.”

Aloca Inc. (NYSE:AA) shares were at 17.37 at the end of the last day’s trading. There’s been a 28.8% change in the stock price over the past 3 months.

Here’s a run-down of Aloca Inc. (NYSE:AA) news briefs from last week. Aloca Inc. (NYSE:AA) company shares ended the week at 17.14 (as of 2/4/2011).

Weekly News Roundup: Alcoa Inc. (NYSE:AA)

Tuesday 1 February

Alcoa Inc. (NYSE:AA) has announced it will acquire the Aerospace Fastener Unit from TransDigm for $240 million.Alcoa Inc. (NYSE:AA) said that this acquisition is a part of its $1.27-billion acquisition of McKechnie Aerospace Holdings Inc. late last year.

The aluminum producer will be bolstering its fastening systems operations through this acquisition and the company announced it is expecting that this business will increase their earnings and cash flow at the first year after the deal.

Wednesday 2 February

Alcoa Inc. (NYSE:AA) has decided to appeal against Virgin Islands decision along with St Croix Alumina.The appeal is against a hefty judgment and penalties arising from legal action in the US Virgin Islands over alleged breaches of disclosure of information relating to environmental compliance regarding the sale of an alumina refinery.

As co-defendants in the claim, Alcoa Inc. (NYSE:AA) owns 60% of Alcoa World Alumina and Chemicals and the remaining is held by Australian company St Croix Alumina LLC.

Weekly News Roundup: Alcoa Inc. (NYSE:AA)

Wednesday 26 January

Alcoa Inc. (NYSE:AA) has been sued by a North Carolina environmental group.The environmental group informed Alcoa Inc. (NYSE:AA) that excessive discharges of cyanide and PCBs into the North Carolina lake by the company has provoked them for such a move.

Environmental groups are required by law to give companies 60 days notice prior to filing lawsuits for violations of the federal Clean Water Act.

The company spokesman Mike Belwood said that “The Company has rarely exceeded its state permit allowing limited discharges of industrial chemicals.”

Thursday 27 January

Alcoa Inc. (NYSE:AA) has announced that the demand for aluminum will double by 2020.The Chief Executive Officer Klaus Kleinfeld suggested that this demand will be fueled largely by massive consumption in Asia, Brazil and the Middle East, and the expected average growth rate is about 6 percent every year until 2020.

Kleinfeld said in an interview in Davos, Switzerland that “We see places like China continuing to lead with growth of 21 percent last year, 13 percent this year.”